It may be quiet last week, but that doesn't mean nothing went down on Crypto Twitter — check out our weekly CT roundup.
As we enter the summer months, interest in cold drinks and hot bodies goes up. And interest in hot coins and cold storage goes down.
At least judging by the activity level on Twitter and crypto exchanges last week. It was eerily quiet, but that doesn’t mean there’s nothing interesting to report.
Heard about the latest all-time high yet?
Well, better keep reading…
Whose Threads Are a Must-Read?
There’s downtime in the crypto industry and then there’s NFT Twitter.
But, of course, not all NFTs are a scam. No, seriously. What if you could start owning your digital track record and assets in a game like FIFA?
- Nike's 'Our Force 1' digital sneakers sold over 97,000 units and made almost $2 million in revenue.
- EA Sports and FIFA have partnered to incorporate NFTs into future games.
- There are 150 million players in FIFA, which could potentially be exposed to NFTs.
NFTs are cool but have you ever tried banning crypto only to welcome it back a few years down the road?
The China coin narrative may make a return soon, so make sure to get updated on what it means.
Read also: Explaining The Crypto China Narrative
- Scalability solutions
- Cosmos ecosystem
- Real-world assets
Read also: What is Narrative Trading in Crypto?
Wisdom of the Week
Many crypto newbies think it is easier to make money in crypto when you have a lot of capital. But that is not necessarily the case.
Conclusion: more money does not automatically make your trading life easier. But better research might.
Read also: How To Use ChatGPT for Crypto Research
Elon Building Twitter
Even Elon Musk was oddly quiet last week. No new scandals or Twitter updates to report from him. But he did remind us that things are probably going to become progressively weirder from here onwards:
Talk of the Town
He did, however, divorce from Bitboy Ben Armstrong:
Read also: Who is Ben.eth?
What could be the reason? Well, one could only guess…
And there was another well-designed rug uncovered by ZachXBT. Not even charity projects are safe from the con artists these days:
Andrew Wang, a popular NFT influencer, endorsed the project before the obligatory “wooops, my bad” moment:
Using protection in crypto is as important as it is in real life, folks.
Speaking of protection, you may need one of those COVID hazmat suits for the elaborate level of scamming that went down last week. A full-blown fake Uniswap conference was held to con new investors into “Aliexpress Uniswap.” Check it out:
You do have to appreciate the level of enthusiasm though. The conference looked much livelier than last week’s crypto markets, which have gone into hibernation at this point:
No matter how dead crypto may look now, its value prop has not changed. Fade markets chasing the next shiny object at your own risk:
Read also: Is The Crypto Bear Market Over?
But even in the darkest of days, there is an all-time high. This time it comes from an unusual candidate ─ the stablecoin we may not have wanted, but the stablecoin we deserve:
Our Favorite Coinfession
Unfortunately many such cases these days on Crypto Twitter:
Look, it may not be the most exciting of times now but crypto will come out of its hibernation period at some point:
Meanwhile, stay in the game and stay hodling. See you next week!